This offer is available for loans up to 75% LTV and 5.39% for loans up to 95% LTV.
John Goodfellow, chief executive of Skipton Building Society, commented, “With the recent base rate increase introducing uncertainty back to the mortgage market, fixed rate deals have definitely gained in popularity. For those seeking certainty over the longer term, our new 10 Year Fixed Rate Mortgage gives them all the peace of mind they need.”
Key features – 10 Year Fixed Rate Mortgage
• 10 Year Fixed Rate Mortgage – fixed at 5.29% for loans up to 75% LTV and 5.39% for loans up to 95% LTV to 30 November 2016
• Early repayment charge of 5% to 30 November 2008, 4% to 30 November 2010, 3% to 30 November 2012, 2% to 30 November 2014 and 1% to 30 November 2016
• Reverts to the Society’s residential SVR – currently 6.14% – after fixed rate period
• Free MIG/Higher Lending Charge up to 90% LTV
• Free legal fees (through Skipton Home Conveyancing Service) and free valuation on all residential remortgage cases
• Free accident, sickness and unemployment (ASU) cover for six months
• Flexible benefits – daily interest, overpayments and payment holidays
• Capital repayments of up to 10% of the original loan allowed each year, without charge, within early repayment charge period
• No application fee
• £499 completion fee – can be added to the loan
